How to Legally Launch Your Crypto Exchange Software in Singapore?
Table of Contents Introduction Why Crypto Exchanges Still Launch in Singapore Despite MAS Regulations? How to Launch a Compliant Crypto Exchange in Singapore – Step by Step Launching Your Exchange in Singapore is Tough, But It’s Worth It Introduction Singapore’s Monetary Authority of Singapore (MAS) just ramped up its crypto exchange regulations, separating the serious platforms from the wannabees. This was aimed at curbing money laundering following a series of high-profile scandals. The crackdown was so hard that many major exchanges operating from the mainland, offering services overseas, had to relocate operations to Panama, Hong Kong, or the UAE, given their favorable regulatory environments. The MAS issued a mandate, requiring all Singaporean entities offering digital asset-related services globally to secure a Digital Token Service Provider (DTSP) license under FSMA (Financial Services and Market Act 2022) or withdraw operations immediately. The directive leaves zero...